The Table Below Gives a Monopoly's Demand Schedule

question 10

Essay

The table below gives a monopoly's demand schedule. Complete the table by calculating the total revenue and the marginal revenue.
$$\begin{array} { c c c c } \begin{array} { c } \text { Price } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Quantity } \\\text { (units) }\end{array} & \begin{array} { c } \text { Total revenue } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { (dollars) }\end{array} \\\hline 6 & 1 & - & - \\5 & 2 & - & - \\4 & 3 & - & - \\3 & 4 & - & - \\2 & 5 & - & - \\1 & 6 & - & - \\\hline\end{array}$$